The export volume of fresh grapes from Canada has exhibited significant fluctuations over the past decade, with a notable peak in 2017 at 3.71 thousand metric tons and a steep decline to 0.65 thousand metric tons in 2022. Despite experiencing a 113.85% year-on-year increase in 2023, the forecast suggests a decreasing trend with a consistent annual decline reaching a projected 1.15 thousand metric tons by 2028. The Compound Annual Growth Rate (CAGR) over the last five years stands at -2.65%, while the forecasted five-year CAGR is -3.01%, indicating a persistent downturn in future exports.
Future trends to watch for:
- Analyze factors leading to the sharp fluctuations in yearly export volumes to identify underlying causes.
- Monitor global market demand and how international trade policies might impact Canada's fresh grape exports.
- Evaluate technological and agricultural innovations that could potentially reverse the downward trend.
- Assess the impact of climatic changes on grape production quality and quantity in Canada.
